I'm new in ArcMap and I'm working on a evaluation of land value would like to create a calculation routine of land value from the area and the type of area.
I have a shapefile and in my attribute table have 3 columns:
PRICE column would have to be calculated automatically if possible like Shape_Area field in geodatabase.
if TYPE is PLANE -> PRICE = AREA x 100000 if TYPE is PASTURE ROUGH -> PRICE = AREA x 60000 if TYPE is VEGETATION -> PRICE = AREA x 15000
Is it possible to do this in ArcMap?
If it is not possible to do it automatically then it's not a problem since I have to run the routine once and not three times.